Treasury yields rise as investors look to key data in week ahead
==========

U.S. Treasury yields rose as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and outlook for interest rates. At 3:19 a.m. ET, the yield on the [10-year Treasury note](https://www.cnbc.com/quotes/?symbol=US10Y) was up by over two basis points to 4.6414%. The [30-year Treasury bond](https://www.cnbc.com/quotes/?symbol=US30Y) yield was last at 4.9928% after rising by more than two basis points. Several key data points are slated for the week, including the personal consumption expenditures price index for March, which is due Friday. Markets are widely expecting interest rate cuts not to happen until later than expected, following recent economic data that reflected sticky inflation and resilience from the economy, as well as comments from Fed officials. Policymakers including Chairman Jerome Powell last week indicated that there was no urgency for rates to be cut and that the timeline for rate cuts would depend on how the economy develops. The Fed has now entered the so-called blackout period before its next meeting.

#TreasuryYields #EconomicData #InterestRates

https://www.cnbc.com/2024/04/22/us-treasury-yields-as-investors-look-to-key-data-in-week-ahead.html